25yo with ‘incredible’ $300k share portfolio

It started a bit of an obsession with trading, particularly as he had tracked down as much as he could read on one of his “biggest inspirations” – US business man Warren Buffett, who he describes as one the “best investors the world has come across”.The Melbourne man started off investing $6000 from savings and money from working but eventually upped that to around $30,000 as the years went on.He said he has amassed a share portfolio worth $300,000 from trading on both the Australian Stock Exchange and US Wall Street.“It’s been quite an amazing journey,” he told news.com.au.The 25-year-old said the biggest winner in his portfolio was the Commonwealth Bank, with his initial investment of $20,000 now growing to a whopping $100,000.“I was able to personally take a look at how important the banking industry is and that was a huge movement for me, so it was absolutely incredible to understand what banks meant here in Australia,” he said.Other big moneymakers for him have been Tesla where he has grown $5000 into $20,000, alongside Apple which he has made the same gains on.But he admits it hasn’t all been smooth sailing with his investment journey.“I invested in a medical marijuana company that didn’t go to plan,” he revealed. “I put in about $3000 in and I lost it in about three weeks, so I’m not huge on speculative stocks but I’ve been big on high cap (companies with a valuation of $10b) and ETFS for most of my journey.”The banking consultant at ANZ said he also has around $6000 invested in the top 10 crypto coins but isn’t too keen on that sector as it’s “unregulated” and has no government backing.Until recently, Mr Singh used CommSec for his trading but said with fees of between $10 and $20 for a trade, it means he has forked out around $4000 over the past eight years, he said.So he tried out trading platform Stake, which is offering Australian Stock Exchange (ASX) trades for $3.Mr Singh was one of the 50,000 Aussies who have been testing out the platform in a six week trial.Stake founder and CEO Matt Leibowitz said the platform was now going live to the general public and no trading fees will be charged for the rest of the year.“With ASX, investors are getting everything they need – access to more than 2000companies and exchange-traded funds (ETFs), instant funding into an AUD wallet, and adedicated dashboard for their Australian holdings,” he added.

from news.com.au — Australia’s leading news site https://ift.tt/3roIgmf

November 30, 2021 at 12:11AM
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It started a bit of an obsession with trading, particularly as he had tracked down as much as he could read on one of his “biggest inspirations” – US business man Warren Buffett, who he describes as one the “best investors the world has come across”.The Melbourne man started off investing $6000 from savings and money from working but eventually upped that to around $30,000 as the years went on.He said he has amassed a share portfolio worth $300,000 from trading on both the Australian Stock Exchange and US Wall Street.“It’s been quite an amazing journey,” he told news.com.au.The 25-year-old said the biggest winner in his portfolio was the Commonwealth Bank, with his initial investment of $20,000 now growing to a whopping $100,000.“I was able to personally take a look at how important the banking industry is and that was a huge movement for me, so it was absolutely incredible to understand what banks meant here in Australia,” he said.Other big moneymakers for him have been Tesla where he has grown $5000 into $20,000, alongside Apple which he has made the same gains on.But he admits it hasn’t all been smooth sailing with his investment journey.“I invested in a medical marijuana company that didn’t go to plan,” he revealed. “I put in about $3000 in and I lost it in about three weeks, so I’m not huge on speculative stocks but I’ve been big on high cap (companies with a valuation of $10b) and ETFS for most of my journey.”The banking consultant at ANZ said he also has around $6000 invested in the top 10 crypto coins but isn’t too keen on that sector as it’s “unregulated” and has no government backing.Until recently, Mr Singh used CommSec for his trading but said with fees of between $10 and $20 for a trade, it means he has forked out around $4000 over the past eight years, he said.So he tried out trading platform Stake, which is offering Australian Stock Exchange (ASX) trades for $3.Mr Singh was one of the 50,000 Aussies who have been testing out the platform in a six week trial.Stake founder and CEO Matt Leibowitz said the platform was now going live to the general public and no trading fees will be charged for the rest of the year.“With ASX, investors are getting everything they need – access to more than 2000companies and exchange-traded funds (ETFs), instant funding into an AUD wallet, and adedicated dashboard for their Australian holdings,” he added.